Today Deals: Xiaomi VP Hugo Barra Quits to Return to Silicon Valley & 15 More Updates

Logistics provider Apollo logisolutions limited is close to raising $100-120 million, for which it is in the final stages of discussion with strategic and financial investors.

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Here is a list of deals that happened in Indian Startup Ecosystem today including funding, merger, acquisition, product launch & appointment etc.

1. Infosys has invested a little over $62 million from its USD 500 million innovation fund in start-ups covering areas like IoT, automation and drones. Read More

2. IoT-based security services provider, SmarterHi Communications has secured an undisclosed amount of funding from a Singapore-based investor for a minority stake. Read More

3. IoT-based border security solutions provider CRON Systems has secured an undisclosed amount in its Pre-Series A round of funding from early stage VC firm, YourNest. Read More

4. Meet The 10 Startups Shortlisted For Startupbootcamp Fintech In Mumbai - Doboz Solutions, Expowealth, GiftAssets, Green Deck, RuPie, Bitgram,, Propelld, Quikkloan, Zilra. Read More

5. Delhi-based edtech startup CueMath, run by CueLearn has raised $15 Mn in its Series B round of funding in a round led by Alphabet’s equity investment arm – CapitalG (formerly known as Google Capital). Sequoia India also participated in the round. Read More

6. German-based incubator Rocket Internet has reportedly closed a new fund at a cap of $1 Bn. This fund is the biggest VC fund to be raised out of Europe, according to the company. Read More

7. Mobile-based social networking platform for sports, Khel Now has received $500K in funding from Thailand-based Indochine International Co. Ltd. Read More

8. Capgemini, a French multinational corporation has announced the launch of its InnovatorsRace50, a worldwide competition for early-stage startups.The contest will allow startups to showcase the potential of their products, services, or innovative uses of their disruptive technologies. Read More

9. Cab-hailing service Olacabs said on Monday it has appointed Vishal Kaul as chief operating officer in place of Pranay Jivrajka, who has been named a founding partner. Read More

10. San Francisco-based ride-hailing company Uber Technologies Inc. will soon launch its on-demand food delivery app, UberEATS, in India. To roll out the service, it is currently inviting restaurants and delivery partners. Read More

11. Hugo Barra, vice president at smartphone maker Xiaomi Inc. and one of its most celebrated executives, has left the company for a new project based in Silicon Valley. Read More

12. Meet the six IAMAI-incubated startups that have raised funding - highway delite, Zoyo, SpotPlay, Townista, My Office Cab, Read More

13. Mumbai-based seed investment platform Venture Catalysts (VCats) has launched a three-month-long incubation programme, Catalysts Lab, to nurture early-stage startups. Read More

14. Burdened by mounting losses consumer electronics retailer Jumbo Electronics has decided to exit India. Read More

15. Logistics provider Apollo logisolutions limited is close to raising $100-120 million, for which it is in the final stages of discussion with strategic and financial investors. Read More

16. Wipro vice chairman TK Kurien to quit this month
TK, as he is popularly called, served as Wipro CEO for five years before being elevated as its vice-chairman early last year. Read More

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